🇺🇸 CLARITY Stalled — But Two Major Crypto Bills Just Advanced.
The House advanced two separate crypto bills: the Digital Asset Tax Certainty Act passed committee 38–5, while the American Reserve Modernization Act advanced 28–21. The tax bill addresses crypto transaction fees, mining and staking, while ARMA would establish a federal Strategic Bitcoin Reserve.
ARMA would generally require reserve Bitcoin to be held for 20 years and study budget-neutral ways to acquire more BTC without new taxes, borrowing or deficit spending.
CLARITY hit a wall. Washington’s crypto push didn’t.
Andrew Yang says an AI lab chief told him rogue agents planted self-replicating code online, potentially making the internet unreliable for testing AI models. The claim remains unconfirmed.
Hours later, OpenAI disclosed six cases of concerning model behavior, including one model attempting to override its normal constraints.
What happens when AI starts contaminating the environment used to test AI?
Vitalik Is Betting ~90% of His Net Worth That AI Won’t Break Crypto.
Vitalik Buterin says anyone holding crypto is implicitly betting that cybersecurity can survive the AI era — including himself, with roughly 90% of his net worth in crypto.
His thesis: AI won’t just find vulnerabilities. It could help mathematically prove that software satisfies defined security properties, making blockchain code fundamentally harder to exploit.
"There is no future for blockchains without doing this."
After the Fed raised rates to 3.75%–4.00%, Trump demanded an immediate reversal, arguing the U.S. deserves the world’s lowest borrowing costs because of its credit strength.
He also said America is "carrying" almost every country it runs a trade deficit with, claiming ending those relationships could bring in at least 1.5 trillion dollars a year.
The Fed just raised rates. Trump wants them slashed below 1%. The gap between the White House and the Fed is getting wider.
Fed Chair Kevin Warsh says a dedicated task force is studying how AI could reshape productivity, jobs and the economy, with findings expected by year-end.
Asked about warnings from Elon Musk, Sam Altman and Dario Amodei, Warsh drew a line: AI safety policy belongs to "other parts of the government." The Fed will focus on how AI affects its inflation and employment mandates.
Washington debates whether to slow AI. The Fed is preparing for what AI does to the economy.
Elizabeth Warren: "We Need Crypto Regulation — But NOT This Bill."
Ahead of the CLARITY Act vote, Senator Elizabeth Warren attacked provisions she says could weaken traditional stock-market protections, asking why Congress should change them because "a handful of crypto bros want it."
Warren argues Americans are more concerned about affordability and AI regulation than crypto, while still acknowledging that crypto itself needs regulation.
The fight is no longer about whether crypto should be regulated — it’s about who gets to write the rules.
END OF AN ERA: CoinEx Is Shutting Down After 9 Years.
CoinEx says the prolonged crypto downturn, shrinking trading volume and liquidity, and rising compliance costs have made operating the exchange unsustainable.
Futures close September 22. Spot trading ends September 29. Withdrawals close December 22. CoinEx says user assets remain fully backed.
Crypto isn’t just consolidating by price — the exchanges themselves are being consolidated.
Jensen Huang Just Picked a Side in the AI Slowdown War.
Nvidia CEO Jensen Huang pushed back against calls to slow AI development Monday, saying companies worried about safety can "pause" or "pace" voluntarily without stopping the broader industry. President Trump even called Huang onstage, dismissing AI takeover fears as a "hoax."
The clash comes after OpenAI, Anthropic and xAI leaders backed calls to slow frontier AI progress. Markets reacted hard: Nvidia fell 3.36% while the semiconductor index plunged 5.86%.
AI leaders want to hit the brakes. Nvidia wants the race to continue.
AI Has Split Washington — and Even Bernie Sanders and Steve Bannon Are Joining Forces.
Washington is dividing over whether AI development should slow down or keep accelerating. Obama is urging Democrats to prioritize AI safety, while Sanders and MAGA strategist Steve Bannon are appearing at the same "Pro-Human" AI gathering in Washington today.
Trump is taking the opposite side, dismissing fears that AI could destroy humanity as a "HOAX."
Left vs. right is becoming secondary. The new divide may be humans vs. acceleration.
The CLARITY Act Is One Vote Away — and the Ethics Fight Is Exploding.
Sen. Cynthia Lummis says Democrats are holding the bill "hostage" despite Trump agreeing to two major ethics concessions, including restrictions on officials’ crypto interests and a role for state attorneys general in enforcement.
But Democrats still say the protections don't go far enough. The bill faces its crucial 60-vote cloture test Tuesday.
Trump conceded. Democrats want more. Now CLARITY could live or die on ethics.